ALYI $100 Million Funding Partner Set To Make Announcement Tomorrow
September 01 2020 - 7:59AM
InvestorsHub NewsWire
Dallas, TX -- September 1, 2020 --
InvestorsHub NewsWire -- Alternet Systems, Inc. (USOTC:
ALYI) intends to feature a news release tomorrow, September 2,
2020, from its funding partner, RevoltTOKEN (www.revolttoken.com). RevoltTOKEN has recently
secured what it refers to as “the last key component” necessary to
proceed with a $100 million investment transaction to fund ALYI’s
$300 million electric mobility initiative in Africa that could soon
be a $500 million initiative.
ALYI has entered
into a comprehensive funding agreement with RevoltTOKEN that
includes an existing $25 million first tranche investment
commitment at $0.05 per share. ALYI has initiated a $2.5
million draw down on the first $25 million to begin construction on
a 100-acre facility in Africa. Overall, RevoltTOKEN intends
to invest $100 million in ALYI in conjunction with an
independent initial cryptocurrency offering
(ICO).
RevoltTOKEN has
already partitioned a cryptocurrency on the Ethereum Blockchain in
advance of the planned ICO.
While most EV companies pursue traditional
IPOs and SPAC mergers, ALYI stands out in the EV fundraising market
with its cryptocurrency strategy.
ALYI’s funding partner, RevoltTOKEN
(www.revolttoken.com) will present a comprehensive
update tomorrow, Wednesday, September 2, 2020 on the $100 million
transaction intended to fund ALYI’s electric mobility
business. In addition to featuring the key component now in
place, the presentation will include an overall update on progress
toward the launch of the RevoltTOKEN initial cryptocurrency
offering (ICO). Based on both individual investor and institutional
investor response, the presentation will specifically include an
overview on how the $100 million funding target could well be
exceeded.
For more
information and to stay up to date on ALYI’s latest developments ,
please visit: http://www.alternetsystemsinc.com
Disclaimer/Safe Harbor: This news release
contains forward-looking statements within the meaning of the
Securities Litigation Reform Act. The statements reflect the
Company's current views with respect to future events that involve
risks and uncertainties. Among others, these risks include the
expectation that any of the companies mentioned herein will achieve
significant sales, the failure to meet schedule or performance
requirements of the companies' contracts, the companies' liquidity
position, the companies' ability to obtain new contracts, the
emergence of competitors with greater financial resources and the
impact of competitive pricing. In the light of these uncertainties,
the forward-looking events referred to in this release might not
occur.
Alternet
Systems, Inc. Contact:
Randell Torno
info@lithiumip.com
+1-800-713-0297
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